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Search Results 0 to 28 of about 29 (some duplicates have been removed)
officials plan to release today about the largest payouts in power ball history. >>> the fate of stockton financial future could be decided today. the reason some say the city doesn't deceive the right to file for -- deserve the right to file for bankruptcy. >>> traffic is moving well on highway 24. we'll tell you more about a problem that just popped up in oakland. >>> good morning. a lot of high clouds and patchy low clouds but mostly sunny today to partly sunny. 50s and 60s or low 70s. >>> italian supreme court is set to rule on whether american college student amanda knox should be retried. if the court decides today that knox's acquittal can be overturned than the case will be officially over. >>> the city of stockton is taking its bankruptcy case to federal court if if the court finds the city has done everything possible to pay its debts, stockton will become the largest city in the country to go bankrupt. creditors against stockton's chapter nine defensive plan says stockton has not done enough to cut spending. >>> cypress worked out a last minute dayout deal with international le
. >>> the fate of stockton financial future could be decided today. the reason some say the city doesn't deceive the right to file for -- deserve the right to file for bankruptcy. >>> traffic is moving well on highway 24. we'll tell you more about a problem that just popped up in oakland. >>> good morning. a lot of high clouds and patchy low clouds but mostly sunny today to partly sunny. 50s and 60s or low 70s. >>> italian supreme court is set to rule on whether american college student amanda knox should be retried. if the court decides today that knox's acquittal can be overturned than the case will be officially over. >>> the city of stockton is taking its bankruptcy case to federal court if if the court finds the city has done everything possible to pay its debts, stockton will become the largest city in the country to go bankrupt. creditors against stockton's chapter nine defensive plan says stockton has not done enough to cut spending. >>> cypress worked out a last minute dayout deal with international leaders. there was already a rush to draw
, and a billionaire. >> federal court proceedings begin tomorrow that could end with stockton entering bankruptcy. eight years ago it was all good times for stockton, a new waterfront, a new hockey arena, and taxpayer financed baseball park. higher salaries and benefits based on anticipated increasing property tax revenue. then the recession hit. stockton soon was $1 billion in debt. monday, stockton may become the most populace city in the country to enter chapter 9. >>> besides gay marriage the supreme court will also hear arguments tomorrow on a case involving billions of couldn't summer dollars. at issue is brand name drug companies keeping lower priced versions off the shelves. federal officials will argue the deals cost $3 billion a year by delaying launch of cheaper generics. >>> just ahead, an alert for a bart passengers. some can expect delays for up to 14 months. >>> here's an unusual sight. a california home owner hopes his insurance will cover this. the woman inside the car explains how in the world that happened. >> looking outside, we enjoyed a sunny sunday but cloud are rolling in,
-day hearing began this morning in federal court in sacramento over the city of stockton's attempt to declare bankruptcy. stockton wants the case to stay under federal jurisdiction because it is easier in state court for creditors to force it to pay its debts. stockton has more than a billion dollars in debt. bankruptcy would mean the city could reduce payments to both creditors and bondholders. >>> a police chase that ended last night in oakland may have ties to crimes in hayward and san jose. our cameras captured these images of the pursuit. it ended when the car spun out on i-580 between harrison street and park boulevard. it began in hayward when officers tried to pull the driver over for a dui. police believe the three men inside could be linked to the shooting of a man driving with his wife and child in hayward early yesterday afternoon. >> there was an earlier incident that involved a shooting from a vehicle and right now we're just determining whether or not this vehicle was in fact involved in that. we're still investigating. >> hayward p
of the international banking for nearly two years. >>> back here in the bay area the city of stockton is getting ready for a big court hearing today that will decide its financial fate. coming up at 5:46 we will tell you about the challenges stockton faces when filing for chapter 9 bankruptcy. >>> today at the golden gate bridge crews are getting ready for the big switch to the electronic tolls. crews will be hanging electronic sign at the toll plaza today. then early wednesday morning that will be turned on and then you drivers will not stop. there will be -- >>> let's go over to sal. what are you keeping an eye on sal? >> looking at the traffic on the bay bridge toll plaza. just because it's our workhorse commute. something happens there. everyone knows about it. right now it's still light and there are no major problems coming here. there is a little bit of a delay but not much of one in the far left lanes for people who pay cash. the other lanes are moving through. this will get worse as we get to 6:00. bay bridge toll plaza looks good. 880 looking very nice. northbound 880 all the way up to the d
of the international banking for nearly two years. >>> back here in the bay area the city of stockton is getting ready for a big court hearing today that will decide its financial fate. coming up at 5:46 we will tell you about the challenges stockton faces when filing for chapter 9 bankruptcy. >>> today at the golden gate bridge crews are getting ready for the big switch to the electronic tolls. crews will be hanging electronic sign at the toll plaza today. then early wednesday morning that will be turned on and then you drivers will not stop. there will be -- >>> let's go over to sal. what are you keeping an eye on sal? >> looking at the traffic on the bay bridge toll plaza. just because it's our workhorse commute. something happens there. everyone knows about it. right now it's still light and there are no major problems coming here. there is a little bit of a delay but not much of one in the far left lanes for people who pay cash. the other lanes are moving through. this will get worse as we get to 6:00. bay bridge toll plaza looks good. 880 looking ve
. heather: good thing. all right so growing concerns for the future of u.s. cities as stoc stockton, california heads to bankruptcy court. they racked up a billion dollars in debt in two years. we hear about other places in similar situation. some are wondering whether other u.s. cities will soon follow. matt mccall is president of financial group l. l. c. and countdown to the closing bell on fox network. california's 13th largest city officially heading to bankruptcy court today. a city in detroit trying to avoid the same thing, the largest city ever to be put under state control. if i live in a small town say in mississippi, i live in a farming community out in midwest or here in the big city of new york city, why do i care, how does it effect me, liz? >> it is interesting if you are part of a municipality that is in debt. when it comes to the clip that happened here situation probably unlikely unless your city finances are in such arrears and a dire state that you too should be watching. everyone can learn a lesson with what is happening in stockton, california today. heather: ta
:14. this morning, stockton could become the largest city in the u.s. to go bankrupt, but not everyone is happy with the financial decisions. our router is live in -- our reporter is live in sacramento where the hearing is set to get underway in just a couple of hours. good morning. >> reporter: good morning. the bankruptcy trial for stockton gets underway in two hours at the federal courthouse in sacramento. officials are very nervous because the judge is only giving them a small amount of time to present their case. city officials admitted they didn't manage their money properly when times were good. they akum dated about a billion dollars in debt. stockton will continue to negotiate with creditors. that trial gets underway at 9:30. city officials are confident they can do this. back to you. >>> britain's prince harry will visit -- visit the united states in may. he made headlines after being caught naked traveling around. he will be traveling from may 9th until the 15th. one of his scheduled stops includes a visit to new jersey to tour the damage from
channel 2 morning news. >>> the city of stockton goes to court and if they find they have done everything possible to pay its debts, they will become the largest to go bankrupt. they plan to say that the city has not done enough to cut spending but stockton faces another million dollar shortfall on july 1st. >>> two men died in a sky diving accident and in zephyr hills, the men did not deploy their parachutes. the student and teacher were jumping separately and the backup parachutes did not have enough time to deflate. this do this every year with sky diving. >>> they went up in flames last night while he was on the court in san jose and the third round of the ncaa tournament. michael carter williams' family was watching the game in the family home north of boston. nobody was hurt and investigators believe the fire started in a wood stove outside. later williams used twitter to update everybody and thanked everybody for prayers and said all that is important is that my family is okay. >>> take a look at this, a couple rescued from a car on t
of stockton's attempt to declare bankruptcy. stockton wants the case to stay under federal jurisdiction because it is easier in state court for creditors to force it to pay its debts. stockton has more than a billion dollars in debt. bankruptcy would mean the city could reduce payments to both creditors and bondholders. >>> a police chase that ended last night in oakland may have ties to crimes in hayward and san jose. our cameras captured these images of the pursuit. it ended when the car spun out on i-580 between harrison street and park boulevard. it began in hayward when officers tried to pull the driver over for a dui. police believe the three men inside could be linked to the shooting of a man driving with his wife and child in hayward early yesterday afternoon. >> there was an earlier incident that involved a shooting from a vehicle and right now we're just determining whether or not this vehicle was in fact involved in that. we're still investigating. >> hayward police officer also tweeted around midnight that officers had three suspects in custody, after a high speed chase. tha
of minutes. >>> 7:14. this morning, stockton could become the largest city in the u.s. to go bankrupt, but not everyone is happy with the financial decisions. our router is live in -- our reporter is live in sacramento where the hearing is set to get underway in just a couple of hours. good morning. >> reporter: good morning. the bankruptcy trial for stockton gets underway in two hours at the federal courthouse in sacramento. officials are very nervous because the judge is only giving them a small amount of time to present their case. city officials admitted they didn't manage their money properly when times were good. they akum dated about a billion dollars in debt. stockton will continue to negotiate with creditors. that trial gets underway at 9:30. city officials are confident they can do this. back to you. >>> britain's prince harry will visit -- visit the united states in may. he made headlines after being caught naked traveling around. he will be traveling from may 9th until the 15th. one of his scheduled stops includes a visit to new jersey to tour the damage from superstorm s
cities. stockton, that's the california city, flat-out bankrupt. it begins the bankruptcy journey in court today. everybody is watching. will the judge roll back city pensions and if he does, what about other california cities and town. same question for detroit, it's not technically bankrupt, but it's totally insolvent. kevyn orr runs the city and what will he do with a city with unpayable debts. everybody is watching that one. in some, some are improving, but not stockton and not detroit. ♪ >> we just outlined two american cities on the verge of or actually in bankruptcy. now how about an entire country on the verge of a flat-out depression. that's what cyprus faces, a bailout plan has been approved. bank accounts over 100,000 euros will be taxed. the russian mob losing. angela merkel, the germans winning. i'm going to call it catastrophe for the people of cyprus which is where we find rich edson. and rich, set the scene. i'm hearing that it's not chaos, it's not misery, they're actually having a party. it's a holiday today. go. >> it is a party, stuart. it is europe. the caf
. a historic financial decision for stockton possibly coming today. the reason some say the city does not deserve the right to file for bankruptcy. >>> we're live in san jose where police are searching for a man they say brutally stabbed and killed his exgirlfriend. we have just spoken to the victim's family. we'll tell you what they have to say and the latest on the police investigation. >>> a lot of high and mid level clouds. it will be cooler today. 50nd and 60s. partly sunny skies. a few low 70s. >>> welcome back. good morning, to you. here's a quick look at some of the top stories we are following for you right now at 6:46. police in hayward arrested three people over night after this high speed chase into oakland. the driver was wanted for reckless driving. police say the three may be involved in a drive by shooting yesterday afternoon that anywhered an innocent bystanders. >>> the coast guard culled off a search for a man who disappeared while playing in the surf near half-moon bay. 22-year-old carlos javier lopez was playing soccer with friends when he vanished into the rough
decision for stockton possibly coming today. the reason some say the city does not deserve the right to file for bankruptcy. >>> we're live in san jose where police are searching for a man they say brutally stabbed and killed his exgirlfriend. we have just spoken to the victim's family. we'll tell you what they have to say and the latest on the police investigation. >>> a lot of high and mid level clouds. it will be cooler today. 50nd and 60s. partly sunny skies. a few low 70s. >>> welcome back. good morning, to you. here's a quick look at some of the top stories we are following for you right now at 6:46. police in hayward arrested three people over night after this high speed chase into oakland. the driver was wanted for reckless driving. police say the three may be involved in a drive by shooting yesterday afternoon that anywhered an innocent bystanders. >>> the coast guard culled off a search for a man who disappeared while playing in the surf near half-moon bay. 22-year-old carlos javier lopez was playing soccer with friends when he vanish
of psychiatric help. after talking with police the suspect surrendered. no one was hurt. and and stockton is poised to become the most populous city in the nation to enter bankruptcy when its trial begins today in federal court. creditors who lent stockton money are challenging its chapter 9 bankruptcy petition, but most observers say the city of 300,000 will be successful. its largest creditors are bond insurers who helped the city refinance pension debt. police in south san francisco are searching for a serial arsonist who started three fires in the city over the weekend. police said two fires were lit in orange park on memorial drive and a third was started near the 500 block of el camino real. fiske all three fires were quickly extinguished and caused little damage, police said. no suspect information was immediately available. police search for arsonist this weekend police said two fires were lit in orange park on immediately available. the san mateo county sheriff's office is warning rash of 'door-knock' burglaries that have occurred in residential neighborhoods around san according
service come august. i am ann rubin, ktvu channel 2 morning news. >>> the city of stockton goes to court and if they find they have done everything possible to pay its debts, they will become the largest to go bankrupt. they plan to say that the city has not done enough to cut spending but stockton faces another million dollar shortfall on july 1st. >>> two men died in a sky diving accident and in zephyr hills, the men did not deploy their parachutes. the student and teacher were jumping separately and the backup parachutes did not have enough time to deflate. this do this every year with sky diving. >>> they went up in flames last night while he was on the court in san jose and the third round of the ncaa tournament. michael carter williams' family was watching the game in the family home north of boston. nobody was hurt and investigators believe the fire started in a wood stove outside. later williams used twitter to update everybody and thanked everybody for prayers and said all that is important is that my family is okay. >>> take a look at this, a couple rescued from a car on top of
matrimonio como la uniÓn entre un hombre y una mujer. >>> stockton en california serÁ la ciudad con el mayor nÚmero de han tanhabitantes en declararse bancarrota este lunes comienza un juicio en bancarrota, su principales acreedores son asegura de bonos y desplome del mercado inmobiliario. >>> new york llego a 8,3 millones de personas al anuncio lo hizo el alcalde de nueva york, michael bloomberg, y explicÓ que una razon es que por primera vez en mÁs de 6 de cada el nÚmero de personas que se muda a la gran manzana superÓ a quienes se quieren ir de ella, un informe, indica que los 5 distrito de new york, registraron un aumento de 2,4%. >>> el papa francisco (jorge mario bergoglio) sigue dando sorpresa y claro la expectativa frente a su primera semana santa como papa francisco (jorge mario bergoglio) es grande el domingo de ramos marcÓ los proximos dÍas para los creyente de la iglesia y pablo estuvo presente en la plaza de san pedro atento a todos los detalles. >>> antes mÁs de 250 mil personas que colmaron la plaza de san pedro y todas las inmediaciones del vaticano el papa francisco
help stop a republican filibuster in the senate. >> right now the city of stockton in federal court is poised to become the largest city in the nation to enter bankruptcy. they face a four-day fight over the chapter 9 bankruptcy petition. creditors are challenging the move. for years the city based salaries and benefits and borrowing on anticipated developer fees and increasing property tax revenue but that vanished when the mortgage bubble burst and slashed tens in millions in services and programs but drew the line at cutting pensions or retiree benefits. >> mike is off but lisa is here with the forecast. >> it has been cloudy and cool this morning. we are seeing some sunshine in parts of the bay but still looking mild out there. don't want to give it all away we have the last week of march, easter week, and that is all straight ahead. >> plus, a new warning from medical experts, what many new mothers are doing too soon. >> the mystery deepens over who won one of the biggest >> cupertino, wine country and all the bay area this is abc7 news. >> study suggests many mothers give thei
, stockton is poised to become the most populous in the nation to enter bankruptcy when its trial begins tomorrow in federal court. creditors who lent stockton money are challenging its chapter 9 bankruptcy petition, but most observers say the city of 300,000 will be successful. its largest creditors are bond insurers who helped the city refinance pension debt. >> we are seeing changes with the wind coming off the ocean and increase with clouds.hall signs of changes. even wet weather. temperatures are cooling to 50 degrees in san francisco fairfield, brentwood. low clouds coming off the ocean. tomorrow you will see gray skies but as we go for the afternoon some high clouds with clouds and gusting winds will be expected. and on the in income if chance for rainfall. new york's coney island is now open for business. today senator chuck schumer the start of the park's season. coney island opens the week before easter every year. but this year a lot of work had to be done to the electrical system that was damaged during superstorm sandy. officials say that today's celebrations serve as a remi
of it to keep the private sector going. >> rising unemployment remains an issue in my stockton constituency. are-working families paying for the next months of seen a tax cut for millionaires. >> if the honorable gentleman looks at the figures today he will see that there are 131,000 more people in work over the last quarter. we have seen 600,000 more people employed compared with a year ago. that is what is actually happening in terms of employment. i have to say, when we look at the mess left by the party opposite, being given advice on economics on budget day from the party opposite is like asking enron for accountancy spies -- advice. >> mr. speaker, in less than a fortnight's time this government will have taken 3168 of my constituents -- [inaudible] thisthis not show conservative government is on the side of hard-working people? >> we have consistently lifted the personal tax allowance, the amount of money you earned before you start paying tax, starting at 6000 pounds and rising all the time. over 2 million people have been taken out of tax altogether. .> bridget phillipson >> does the pr
the city has done everything possible to pay its debt, stockton would be first city to file for bankruptcy. >>> lawyers for dr. conrad murray argue that prosecutors didn't prove jackson was hooked up to an i.v. drip of the drug that killed him. the defense theory claims that jackson administered the deadly doze himself while murray was away. murray is currently serving four years in prison. >>> apple has acquired a palo alto start up for a reported $20 million. wifi slam focuses on indoor mapping and has developed technology that can locate a users location using wifi. the purchase is among several the cupertino company has made in recent years in an effort to improve it's mapping capabilities. >>> the san jose city council is expected to improve an incentive couple for the expansion of samsung semi conductor. the deal was outlined in a signing with governor brown and senator reed. it includes reimbursements. samsung is a subsidiary of samsung electronics. >>> for many christians, easter is a time to reflect on god's gift to mankind but for others it can be a chance to delight on candy and
how to contribute the money. >> stockton is fighting to become the largest u.s. city to file for bankruptcy. they base their budget on anticipated developer fee skpinz creasing tax revenues but that vanish whtd mortgage bubble burst. creditors more could have been done to cut employee pensions. the trial is expected to last four day autos freezing temperatures and snow could not detour dozens of people in washington hoping to hear the high court take up the two gay marriage cases tomorrow. you can see them huddled under umbrellas and tarps. the lines began forming on thursday with some people paying others to hold their place in line. the court seats about 500 people and 50 seats are expected to go to the public. tickets are handed out on a first come, first served basis. >> marriage equality advocates will meet for a rally at harvey milk plaza at the castro. then at 7:00 will march for a second rally starting at 8:00. abc 7 news mark matthews is in the news wroom a preview of the arguments. >> the bay area has a lot of interest as you know in the hearing. san francisco among
this morning. stockton faces a four day fight over whether it can remain under federal bankruptcy protection. the city hopes to avoid claims in state court that will force it to pay more than $300 million in debts. they suffered the sharpest richest to rags swings when the mortgage bubble burst. the city has slashed tens of millions in services and programs but has drawn a line on cutting pensions or retiree benefits. they help to force creditors to settle for a fraction of what they are owed. >> about 5:54 on this monday. is there a chance of rain? we will check with our meteorologist. lisa? >> we do not is a great chance. it looks like we are getting cooler conditions, but rain? you know...it is really looking like, again, pushing back toward the end of the work week. starting out with some fog in the not bay, at half moon bay, and novato and santa rosa, and a mile in napa but everyone else, it is a warmer start. this afternoon we are talking about cooler. it will be gusty at times. upper 50's in san francisco. 65 in oakland. 68 in morgan hill. a few extra clouds if you want the warmth, so
stockton now on the verge of bankruptcy, if not there. these problems -- they all will start the very tryingers charlie is talking about, and it could go here. i don't think it will for a while but it will. >> the chinese have to have place to put their money. they'd rather put their money in a u.s. treasury bond. but something is going to change. there's going to be a point where maybe the germans' currency is the place to go. our deficits are so high. >> neil: you're assuming the euro goes away. >> who knows by the way. i it only takes one, when the south seceded from the north -- >> neil: get out of this club. no one gets higher ratings from young viewers or makes us a much buck -- i'm talking how it is that jay leno's boss wants him out. a lesson on corporate snakes that is all too well known. >> you know the hollen general of st. patrick, right? drove all the snakes out of ireland and then they came into the united states and became nbc executives. it's a fascinating story. we went out and asked people a simple question: how old is the oldest person you've known? we gave people a
by 30%. right now the fbi has stockton on is ten most dangerous city -- city's list. the third highest illiteracy rate in the nation. also of the dead go way. >> ultimately their core will say if you need to negotiate in a stronger position with the folks holding the majority of the debt right now. beckham last year believe they had a $37 million deficit in the city of 166 million. sitting there saying, you owe us $30 million per year. lighter nighter going back to pay. tried twice in the last year the charter renegotiate. the first time they tell them, and this is what is a believable. they did not qualify for hardship. i don't know what that means of the folks. what to they have to do, be under steep -- under siege by north korea? and then on top of that they give them the excuse that legally there's nothing we can do because our contract says are obligated to pay us so that we compare pensioners. gerri: thank you for coming on. appreciate your time. we will continue to paula. i hope you will come back. >> i would love to. thank you. gerri: are you underestimating your retirement nee
to upper 60s. >> 8:51 a.m. and after years of struggle stockton is poised to become the most popular city and the answin then to enter bankruptcy when its trial begins tuesday in federal court. creditors to when stock and money are challenging its chapter 9 bankruptcy petition but most observers say the city of 300,000 will be successful. its largest creditors are by the answer is to help the city refinance pension that. police incenses the are searching for a serial arsonist who started three fires in the city over the weekend. police said two fires were lit in large part on memorial drive and a third was started near the 500 block of el camino real out. all three fires were strictly distinguished and caused little damage police said. no suspects information was immediately available. >> traffic moving smoothly and both areas of the bridge, we will be back. new nehoney bunches of oats greek yogurt and whole grain. herehe we go. honehoy corncoflakes and chunks of greek yogurt. i'i'm tasting both the yogurt and the honey at the same time. i'm like digging this yogurt thing. i feelfe health
Search Results 0 to 28 of about 29 (some duplicates have been removed)